The role of incentives in attracting FDI to the new EU member states

• Autorzy: Tomasz Dorożyński , Anetta Kuna-Marszałek
• Języki publikacji: EN

Abstrakty

EN

In this article, we attempt to assess the selected investment incentives as determinants of investment attractiveness of the new EU Member States. This study is structured as follows. Firstly, it explores the existing literature on investment incentives. Then, we examine the major investment incentives offered by the new EU Member States. The final section examines the correlation between selected variables characteristic of investment incentives and the inflow of FDI. The study is based on statistical methods (Spearmans rank correlation and Pearson correlation). Finally, we present the conclusions reached. (original abstract)

Słowa kluczowe

EN

Foreign investment; Direct investments; Investment incentives; Investing attractiveness; Spearman's rank correlation coefficient

PL

Inwestycje zagraniczne; Inwestycje bezpośrednie; Ulgi inwestycyjne; Atrakcyjność inwestycyjna; Współczynnik korelacji rang Spearmana

• Czasopismo: Journal of Management and Financial Sciences
• Rocznik: 2016
• Tom: 9
• Numer: nr 23
• Strony: 24--39

Twórcy

autor

Tomasz Dorożyński

• Uniwersytet Łódzki

autor

Anetta Kuna-Marszałek

• Uniwersytet Łódzki

Bibliografia

• A.T. Kearney, (2015), FDI Confidence Index.
• Agosin M., Machado R., (2007), Openness and the International Allocation of Foreign Direct Investment, "Journal of Development Studies", vol. 43(7), pp. 1234-1247.
• Ambroziak A., (2009), Krajowa pomoc regionalna w specjalnych strefach ekonomicznych w Polsce, Szkoła Główna Handlowa w Warszawie, Warszawa.
• Anyanwu J.C., (2012), Why Does Foreign Direct Investment Go Where It Goes?: New Evidence From African Countries, "Annals Of Economics And Finance", vol. 13(2), pp. 425-462.
• Asongu S.A., Kodila-Tedika O., (2015), Conditional Determinants of FDI in Fast Emerging Economies: An Instrumental Quantile Regression Approach, "African Governance and Development Institute Working Paper", vol. 15/003, pp. 1-24.
• Bartels F.L., Napolitano E, Tissi N.E., (2014), FDI In Sub-Saharan Africa: A Longitudinal Perspective On Location-Specific Factors (2003-2010), "International Business Review", vol. 23(3), pp. 516-529.
• Beliak Ch., Leibrecht M., Riedl A., (2008), Labour Costs And FDI Inflows Into Central And Eastern European Countries: A Survey Of The Literature And Empirical Evidence, "Structural Change And Economics Dynamics", vol. 19(1), pp. 17-37.
• Blomstrom M., Kokko A., (2003), The Economics of Foreign Direct Investment, Working Paper / Bundesbank, vol. 168, Bundesbank Conference, January.
• Buckley P.J., Clegg J., Wang C., (2010), Is the Relationship Between Inward FDI Spillover Effects Linear? An Empirical Examination of the Case of China, in: Foreign direct investment, China and the world economy, P.J. Buckley (Ed.), Palgrave Macmillan, London, pp. 192-215.
• Castro C., Nunes P., (2013), Does Corruption Inhibit Foreign Direct Investment?, "Política/Revista De Ciencia Política", vol. 51(1), pp. 61-83.
• Corden W.M., (1997), Trade Policy and Welfare, Clarendon Press, Oxford.
• Cywiński Ł., (2015), EU Cohesion Policy Incentives and Knowledge Intensive FDI Inflows, "WSIiZ Working Paper Series WP", 14 January, pp. 1-11.
• Dorożyński T., (2015), Fundusze unijne a napływ bezpośrednich inwestycji zagranicznych do Polski, in: Unia Europejska wobec wyzwań przyszłości. Aspekty społeczne, gospodarcze i środowiskowe, E. Małuszyńska, G. Mazur, P. Idczak (Red.), Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu, Poznań, pp. 163-177.
• Dorożyński T., Kuna-Marszałek A., (2014), Investment Attractiveness of Visegrad Group Countries: Comparative Analysis, in: Geo-Regional Competitiveness in Central and Eastern Europe, the Baltic Countries, and Russia, A. Zhuplev, K. Liuhto (Eds.), IGI Global, Hershey PA, pp. 239-288.
• Dorożyński T., Kuna-Marszałek A., (2015), Investment Attractiveness. The Case Of The Visegrad Group Countries, "Comparative Economic Research. Central and Eastern Europe" (in progress).
• Dorożyński T., Świerkocki J., Urbaniak W., (2014), Attracting FDI to the Region of Lodz by its Local Government, "Comparative Economic Research. Central and Eastern Europe", vol. 17(2), pp. 101-118.
• Dorożyński T., Świerkocki J., Urbaniak W., (2015), Incentives for Attracting FDI: The Case of the Lodz Region, "Gospodarka Narodowa", no. 1, pp. 147-168.
• Dorożyński T., Świerkocki J., Urbaniak W., (2015), Special Economic Zones and FDI Inflow. Examples of Polish Regions, The paper presented at the European Economics and Finance Society Fourteenth Annual Conference, Brussels, 11th- 14th June 2015.
• E&Y Attractiveness Survey, Europe (2015).
• Economist Intelligence Unit (2015).
• Tltetó A., (2010), Foreign Direct Investment in Central and East European Countries and Spain - A Short Overview, "ICEIWP", vol. 09/10, pp. 4-17.
• Estrin S., Millica U., (2013), FDI Into Transition Economies: Are The Balkans Different?, 12th EACES Conference And The International Conference On Occasion Of The 75th Anniversary Of The Faculty Of Economics, University Of Belgrade.
• Feld L.P., Heckemeyer J.H., (2008), FDI and Taxation A Meta-Study, "ZEW Discussion Paper", vol. 08-128, pp. 1-63.
• doberman S., Shapiro D., Tang Y., (2004), Foreign Direct Investment In Emerging And Transition European Countries, Western Washington University, Center for International Business.
• Guagliano C., Riela S., (2005), Do Special Economic Areas Matter In Attracting FDI? Evidence From Poland, Hungary And Czech Republic, "Working Paper ISLA", vol. 21.
• Iamsiraroj S., Doucouliagos H., (2015), Does Growth Attract FDI?, Kiel Institute for the World Economy, "Economics Discussion Papers", vol. 18, pp. 1-41.
• Investment Incentives: The Good, the Bad and the Ugly (2013), Background Paper for the Eight Columbia International Investment Conference, Columbia University.
• James S., (2009), Incentives and Investments: Evidence and Policy Implications, World Bank Group, Investment Climate Department, Washington.
• Lin E., (2011), Labour Quality and Inward FDI: A Firm-level Empirical Study in China, The University of Adelaide School of Economics, "Research Paper", pp. 1-29.
• Mottaleb K., (2007), Determinants Of Foreign Direct Investment And Its Impact On Economic Growth In Developing Countries, "MPRA Paper", vol. 9457, pp. 1-15.
• NIK (2012), Pomoc publiczna udzielona w latach 2006-2010 przedsiębiorcom działającym w specjalnych strefach ekonomicznych. Informacja o wynikach kontroli, www. nik.gov.pl
• OECD (2002), Foreign Direct Investment For Development. Maximising Benefits, minimising costs
• OECD (2003), Checklist for Foreign Direct Investment Incentive Policies.
• OECD (2008), Benchmark Definition of Foreign Direct Investment.
• Owczarczuk M., (2013), Government Incentives And FDI Inflow Into R&D - The Case Of Visegrad Countries, "Entrepreneurial Business and Economics Review", vol. 1(2), pp. 73-86.
• Pastusiak R., (2011), Specjalne strefy ekonomiczne jako stymulator rozwoju gospodarczego, Wydawnictwo Uniwersytetu Łódzkiego, Łódź.
• Radulescu M., Druica E.N., (2011), FDIs and Investment Policy in Some European Countries After Their EU Accession. Challenges Duringthe Crisis, http://www.revecon.ro/articles/2011-2/2011-2-10.pdf
• Rehman Ch.A., Ilyas M., Alam H.M., Akram M., (2011), The Impact of Infrastructure on Foreign Direct Investment: The Case of Pakistan, "International Journal of Business and Management", vol. 6(5), pp. 268-276.
• Sobczak M., (2000), Statystyka : podstawy teoretyczne, przykłady, zadania, Wydawnictwo UMCS, Lublin.
• The Global Competitiveness Report 2014-2015(2015).
• The Official Website of Hungarian Investment Promotion Agency, https://hipa.hu
• The Official Website of Investment and Business Development Agency, www.czech-invest.org
• The Official Website of Polish Information and Foreign Investment Agency, www.paiz.gov.pl The Official Website of Romanian Agency for Foreign Investment, http://www.traderomania.net/trade_service.htm
• Tuomi K., (2012), Review of Investment Incentives: Best Practice in Attracting Investment, "IGC Working Paper", June, pp. 1-24.
• UNCTAD Statistics, http://unctadstat.unctad.org
• Warr P., (1989), Export Processing Zones: The Economics of Enclave Manufacturing, "World Bank Research Observer", vol. 4(1), pp. 65-88.
• World Investment Report (2015).
• Yan X., Kundan Pokhrel M., (2011), Relationship between Foreign Direct Investment and Economic Growth Case Study of Nepal, "International Journal of Business and Management", vol. 6(6), pp. 242-246.